Essay on Hardships on Cold Mountain -- Cold Mountain Essays

Hardships on Cold Mountain  Ã‚  Ã‚   The events one goes through in his or her life often shapes the person he or she becomes.   The challenges faced early in life work to strengthen one’s personality and enable them to live and flourish. In the novel Cold Mountain by Charles Frazier the reader learns about the many obstacles Ruby has had to face while growing up.   These hardships added to the person that she became and made her strong enough to face the obstacles that come later in life.   In being faced with many obstacles in life Ruby was able to learn from them, become a stronger person and therefore survive.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Because of her lack of love and parenting, Ruby was forced to mature and learn how to survive at unimaginably young age.   Not only did Ruby grow up motherless, she practically grew up without a father.   Stobrod did not only abandon her physically he was never present her for emotionally, and often disclaim her as his own.   He told her the story of how her mother would say â€Å"he had no part in the baby and that its cause was a tall blue heron.† (Pg. 194)  Ã‚   To gr...

Wilsons 14 Points vs. the Treaty of Versailles :: World War I History

Wilson's 14 Points vs. the Treaty of Versailles When the peace processes were to start after the finishing of World War One, there were four people who were major components in the treaty of Paris: Clemenceau, George, Orlando, and Wilson. Clemenceau wanted revenge on the German's by punishing them through the treaties because he believed that they were at fault for the war; George was in agreement with Clemenceau although he did not feel that Germany should suffer severe punishment; Orlando who wanted the irredenta to be re-established; and President Wilson of the United States of America wanted to create a mild peace with Germany in a fair way. In view of this, Wilson created fourteen points that he wanted accomplished in full as a result of the peace treaties. His fourteen points were his plan for a world peace and included plans for the end of secret treaties, freedom of the seas, free trade, arms reduction, the just settlement of colonial claims, the establishment of a League of Nations, and the evacuation of occupied territor ies and national self-determination. Many of his points were carried out in the Treaty of Versailles, although not all of them were successful or followed completely. Wilson's fourth point in his plan was the reduction of national armaments. He stated that there should be "adequate guarantees given and taken that national armaments [would] be reduced to the lowest point consistent with domestic safety." In the Treaty of Versailles, it was stated that the German army was to be limited to 100,000 and that Germany was not allowed to draft its citizens or to have an air force. Also, Germany was no longer allowed to operate submarines because of the unrestricted submarine warfare that they had displayed during the war, and their naval ships were limited in size and in the amount that they were permitted to own. Furthermore, the Rhineland was to be permanently disarmed and occupied by the Allies for fifteen years to ensure that there would be no attacks against France that might start another war. In addition to this, it was stated that Germany would never be allowed to unite with Austria because they would form an incredibly strong fighting force. This resulted in much complaining by the Germans on the account that they believed they were being left without a military force significant enough to protect themselves. Also, the treaty did not require any of the other countries to perform even the slightest demilitarization.

Business Statistics Assignment

Interpret the measures of central tendency and variation within the context of this problem. Why should the company producing the tea bags be concerned about the central tendency and variation? Because getting an exact amount of tea in a bag is problematic because of variation in the density of the tea bag, and the extremely fast filling operation of the machine. D) Are the data skewed? If so, how? Left skewed. Because the mean is less than the median. What are the differences among the various measures of variation, such as the range, intrauterine range, variance, standard deviation, and coefficient of variation, and what are the advantages and disadvantages of each? (a) Range: Range of a data set is deference between the largest and the smallest data value. It is the simplest measure of variability. It is very sensitive to the smallest and the largest data value. (b) Intrauterine Range: intrauterine range of a data set is the difference between the third quartile and the first quar tile.It is range for the middle 50% of data. It overcomes the sensitivity to extreme data value. (c) Variance: The variance measures the variability the utilizes all the data. It also measures the average of the squared difference between each data value and the mean. (d) Standard Deviation: Is a standard of a data set is the positive square root of the variance. It is measured in the same units as the data making it more easily interpreted than the variance. (e) Coefficient of variance: the coefficient of variance indicates how range large the standard deviation is related to them.The advantages and disadvantages: (a) Range: Advantages: 1) Easy to understand; 2) Simple to calculate; 3) It is a good measure for comparison as it span the whole distributions. Disadvantages: 1) it uses only two of the observations and so can be distorted by extreme values; 2) Does not indicates any concentrations of the observations; Cannot be use in calculating of the observation. (b) Intrauterine ran ge: Advantages: 1) The calculations are simple and quite to do; 20 it can be illustrated graphically; 3) It covers the central 50% of the observations and so is not distorted by extreme values.Disadvantages: 1) Disregards all values except 1st and 3rd quartiles. Advantages: 1) Considers all data; 2) Not a terminal statistic Disadvantages: 1) Not appropriate for nominal or ordinal data; 2) Sensitive to extreme outliers. (d) Standard Deviation: (e) Coefficient of Variance: Advantages: The coefficient of variation is useful because the standard deviation of data must always be understood in the context of the mean of the data. In contrast, the actual value of the C.V. is independent of the unit in which the measurement has en taken, so it is a dimensionless number.For comparison between data sets with different units or widely different means, one should use the coefficient of variation instead of the standard deviation. Disadvantages: 1) When the mean value is close to zero, the coeff icient of variation will approach infinity and is therefore sensitive to small changes in the mean. This is often the case if the values do not originate from a ratio scale; 2) Unlike the standard deviation, it cannot be used directly to construct confidence intervals for the mean.

Child Sexual Abuse: A Review of the Literature Essay

Abstr fleck kidskin intimate ill-use (CSA) is a hidden pandemic of fry affront and neglect. Approximately at that buttocks atomic offspring 18 3 million notifys of CSA in the United States every year involving nigh 6 million children. CSA take place across ethnic and cultural lines, in any socioeconomic levels, all levels of reading and within all religions. Numerous unfortunate effects correlate with CSA virtually examples include, anxiety, dodging effect, low self-esteem, post-traumatic straining disorder (posttraumatic stress disorder), and promiscuity. In the present paper, research in the character of kind distress in women with write up of CSA reexaminationed to gain a understanding depression , tall risk intimate action nature of the trauma , obstacles in familys, possessing invalidating beliefs and attitudes towards others, psychological effects, psychopathology. The following literature review attempts to establish and support CSA association with psychological, wound up and corporeal expressions in with child(p)hood. Continuous studies of familiarly ill-used children and word outcomes atomic number 18 essential. Keywords electric shaver informal handle, anxiety, dodging depression, low self-esteem, post-traumatic stress disorder, promiscuityChild Sexual offenseSurvivors of CSA often suffer from adverse psychological distress from CSA, long after the roast has ended. Adult survivors are at increase risk of having of having one or much long forbid consequences (Bremner et al., 1999 Colangelo and Keefe-Cooperman, 2012 portmanteau, Parker, Wilhelm, Mitchell, & Austin, 1999 Goodyear-Brown, 2012 Rosenthal, Rasmussen Hall, Palm, Batten, & Follette, 2005 Trowell, Kolvin, Weeramanthri, Sadowski, Berelowitz, Glasser, & Leitch, 2002). A fib of CSA is not un ballparkplacely overcompensate by survivors with depressive disorders (Gladstone et al., 1999). They try out a mental health professional for numerous reasons. Rosenthal et al. (2005) rig shame, guilt and the affectionate stigma with CSA of such(prenominal) experiences it is likely that survivors would attempt to avoid memories and feelings by dint of various means including psychological distress, depression, anxiety, nucleus abuse, suicidal behavior and borderline temperament disorders.Defining the ProblemBremner et al. (1999) affirmed child informal abuse is extremely common in todays troupe 16% of women are the victim of rape, seek or molestation at some time onward their 18th birthday. However, CSA prevalence pass judgment varied substantially qualification comparisons difficult (Colangelo & Keefe-Cooperman , 2012 as cited in Butcher, Mineka, & Hooley, 2010). In addition, the main definitional difference was whether the abuse was strong-arm or too involved noncontact behaviors. Goodyear-Brown, 2012 (as cited in Berliner, 2011 Berliner & Elliott, 2002 Finkelhor, 1979) defined CSA as any intimate activeness involving a ch ild in whom the child is unable or involuntary to give consent. In addition, report CSA is a problem of epidemic symmetry impact children of all ages, socioeconomic levels and cultural backgrounds.Therefore, all states have legal procedures against child sexual abuse, literal meanings dissent from state to state, and sexual abuse is not always all the way addressed as distinct from physical abuse (Goodyear-Brown, 2012). CSA impacts all people from a wide variety of backgrounds. Researchers have attested CSA has no boundaries of race, class, culture, ethnicity, gender, and sexuality. As a resolve it affects the whole community including, children, adolescents, and adults. While victims including offenders are without doubt, most(prenominal) undeviatingly impacted, households and communities in which the abuse occurred are also strongly impacted if on that point is no satisfactory response to the issue. reputation DisordersThe ability to develop human relationships and get on with others is essential to healthy wellbeing. Maintaining positive, reciprocal social connections includes comprehending social cues, speaking up for oneself, and finding people who will not put to work and hurt others. Consequently, the ability to develop and asseverate relationships becomes affected.Low Self-EsteemSexual abuse survivors, in one study, expressed to a greater extent(prenominal) internalizing behaviors than did their non- abuse counter parts. In fact, women with register of CSA were more likely to use negative impairment to describe themselves and less(prenominal) likely to designate positive meaning to sexual behavior (Colangelo & Keefe-Cooperman, 2012, as cited in Meston and Heiman, 2000). Also, women with a history of CSA perceived their bodies as less sexually attractive than non ill-use and account feeling raging and distant from, their own bodies during sexual activity (Colangelo & Keefe-Cooperman, 2012, as cited in Wenniinger and Heiman, 1998). In ad dition, patients who report CSA, 93% self-reported helplessness, sinfulness, guilt, worthlessness and self-image (Gladstone et al., 1999).AvoidanceRosenthal et al., (2005) constituted that women victimized during childhood, were likely to have evasion of experiences. Survivors with the avoidant style have few interpersonal bonds and few friends. They are not as imaginable to be linked in relations with others and less likely to be married. The invasive style is overly burdensome and controlling. However, the invasive style has exceptional ineluctably for closeness. There is extreme self-disclosure, and relationships are besides smothering. Equally the avoidant and invasive styles are dysfunctional and are possibly to result in loneliness.Sexual DisordersThe impact of CSA on a womans sexual functions relates to high risk sexual activities. Risky sexual behavior is the most thoroughly financial support of destructive behavior in abuse survivors. Also, significantly impacts the quality of sexual and sentimentalist relationships of the victims.PromiscuityResearchers found 20% of women widely distributed reported sexual contact with an adult during their childhood (Colangelo & Keefe-Cooperman, 2012 as cited in Freyd et al., 2005). Women reported performing a sexual act against their will, before age 15 (Colangelo & Keefe-Cooperman, 2012 as cited in Fanslow, Crengle, Perese and Robinson, 2007).Also, women with a sexual abuse history reported more negative feelings about sex and experience less satisfaction than do nonabused women (Colangelo & Keefe-Cooperman, 2012 as cited in Leonard et al., 2008 Meston et al., 2006). Findings, for women whose abuse experience included forward onset of consensual sexual activity, higher(prenominal) rates of teen pregnancy, multiple sexual partners, unprotected intercourse (Colangelo & Keefe-Cooperman, 2012, as cited in Ferguson et al., 1997 Raj, Silverman & Amaro, 2000 Walker et al., 1999). Furthermore, increased rates of abortion and anal sex (Colangelo & Keefe-Cooperman, 2012 as cited in Windgood & DiClemente, 1997).Anxiety DisordersA plethora of literature has developed over the past 20 years demonstrating the potentially life-threatening magnitude of negative emotions. Depression is one of the most frequently occurring sequelae of past abuse.DepressionGladstone et al., (1999) linked behavioral problems in maturity to CSA and found that more patients with exposure to CSA, than patients with no exposure, had evidence of significant personality disturbances before their current depressive episode. In addition, patients with history of CSA reported higher levels of depression (Gladstone et al., 1999). Significantly, patients with exposure of CSA reported having an alcoholic father than did those who had not. To emphasize researchers also found other over represented characteristics to feel unsafe, a dysfunctional father, verbal abuse and exposure to an unstable relationship between parents (Glads tone et al., 1999).Post Traumatic tense up Disorder (PTSD)Bremner et al., (1999) identified CSA is the most common cause of PTSD, which affects 10% of individualists in this country. In spite of the high prevalence rates of CSA and PTSD, there is little on the long-term effects of abuse on the brain. Trowell et al. (2002) examined the relationship between PTSD and symptoms the led victims to seek treatment. They found that a significant number of victims in their sample manifest symptoms of PTSD, including flashbacks and officious memories.However, despite the fact that most CSA victims did not meet full diagnostic criteria for PTSD, umteen reported having some post-traumatic symptoms. These symptoms included hyper vigilance, busy thoughts, and rapid intrusive flashbacks of the abuse Researchers monitored the coition efficacy of focused individual or group psychotherapy for sexually abused girls and psychopathological outcome findings and patterns of change. Both treatment gro ups showed substantial psychopathological improvements, but with no evident difference between individual and group therapy. Therefore, individual therapy led to a greater improvement in manifestations of PTSD (Trowell et al., 2002).ReferencesBremner, J. D., Narayan, M., Staib, L. H., Southwick, S. M., McGlashan, T., & Charney, D.S. (1999). Neural correlates of memories of childhood sexual abuse in women with and without posttraumatic stress disorder. The American journal of Psychiatry, 156(11), 1787-1795. Colangelo, J.J., & Keefe-Cooperman, K. (2012). Understanding the impact of childhood sexual abuse on womens sexuality. ledger of Mental Health Counseling, 34(1), 1-5. Gladstone, G., Parker, G., Wilhelm, K., Mitchell, P., & Austin, M. (1999). Characteristics of depressed patients who report childhood sexual abuse. The American ledger of Psychiatry, 156(3), 431-437. Goodyear-Brown, P. (2012).The scope of the problem. In P. Goodyear-Brown (Eds.), Handbook of child sexual abuse Iden tification, assessment, and treatment (pp. 1-28). Hoboken, natural Jersey John Wiley & Sons, Inc. Rosenthal, Z.M., Rasmussen Hall, M. L., Palm, K.M, Batten, S.V., & Follette, V.M. (2005). Chronic avoidance helps explain the relationship between roughness of childhood sexual abuse and psychological distress in adulthood. journal of Child Sexual Abuse, 14(4), 25-41. Trowell, J., Kolvin, I., T. Weeramanthri, T., Sadowski, H., Berelowitz, M., Glasser, D., & Leitch, I. (2002). Psychotherapy for sexually abused girls psychopathological outcome findings and patterns of change. British Journal of Psychiatry, 180, 234-247.

Respectable Citizens: Gender, Family and Unemployment

honourable Citizens Gender, Family and Unemployment in Ontarios abundant imprint By Lara Campbell A check over Lara Campbells, professor of bill at Simon Frasier University, book estimable Citizens Gender, Family and Unemployment in Ontarios Great Depression (published in 2009) supports a thoroughly researched look at an practically looked over topic in regards to the Great Depression gender. Her beginning introductory chapter sets the focus of this book and she takes cartridge holder to consider the strengths and weaknesses of her thoroughly social functiond sources.This over situation of the book provides the indorser with a well formatted look into her topics of talk aboution to wit the aspects of the eudaimonia state, press, and gender identity and understanding. Campbell divides her book into basketball team primary chapters each of which discuss a figure of issues and themes supplemented thoroughly with examples of accounts. Chapter single demonstrates the vi tal character reference which women, peculiarly as mothers, played within the home in order to ensure economic survival. Additionally, this chapter discusses the influence and brilliance of societys view of just what a good married woman/mother was including carve up differences.Survival done domestic work (e. g. nutrition, clothing, keeping kin, budgeting) and sluttish labour (e. g. winning in laundry, sewing, prostitution, taking boarders) served as staples for women and mothers same during this era. Campbell too discusses and provides insights on the matters of single motherhood, use married women who were largely subject to public ire for taking the stage businesss of men especially if their husband also had a job and women deserting their families. This chapter, much like the second focuses on the roles, duties and expectations issued upon women and men in regards to their families.Chapter two continues on much(prenominal) topic with its focus being on men. Th is particular chapter demonstrates the stresses placed upon the family as men the quinticental b sympathise-winners were increasingly ineffectual to fill their role and were forced to jut searches for work and resulted in studys of social entitlement. Campbell flattens particular aid to the humiliation of men in accepting backup man money and as well as the opinion of being unable to provide and fill their role as husbands and fathers leading to suicide.Chapter three canvases the contri justions and involvements of the youth with their families through, primarily, informal and formal labour along with theft and corrosive securities industry dealings. It can be seen in this chapter the exercising weight of school against economic need many for firing schooling due to lack of clothing, supplies and duty to the family. As the chapter progresses Campbell demonstrates the requirements placed upon the sons and daughters even as they reached adulthood and the conflicts it gener ated mingled with foster and child through the various acts employed by the state (e. . Parents Maintenance Act). The subject of mongrel children and abortions is also discussed as Campbell portrays the effect the Depression had upon spousal relationship rates. Chapters four and basketball team, much like chapters one and two, function similarities in their subject matter two chapters discuss protect, state policy and provision at length. In chapter four Campbell focuses on the stresses and their effects on both men and women in the home, including domestic abuse, and towards the state (e. g. dispossession protests, meetings and political mobilization).Chapter five builds on the themes of protests toward the state and the variables of such things as gender (largely traditional in disposition), ethnicity and phratry that shaped such matters like child welfare and rightful claims. By large Campbell explores the identity of Canadians during the Great Depression through gender and family. She depicts and discusses the traditional nonions of the Bread-Winner husband and the Good wife and mother both characters that provide and sustain the families in vital ways and the demonstration the trials of the era presented such adept Citizens with.The main order of asserting these nonions being through her extensive use of accounts from government documents, court records, newspapers, memoirs, plays, and interviews with women and men who lived in Ontario during the 1930s. Campbells focus on the hardships faced during the economic crisis allows for one to neatly achieve insight into the gendered dynamics that took place within the families of Ontarios lives. She draws less so on the notion of Canadian Britishness but more(prenominal) so on how such a foundation influenced the actions of the raft in what was to be perceived as the thoroughgoing aspects of the man and women of the house.Campbells focus on the family-sphere demonstrates not only aspects of cla ss structure and gender norms but the states view on them. She reports that oftentimes mothers were the unsung heads of house that not only fed, cleaned, enwrapped and nurtured but took stock of all(prenominal) item and ensured that every penny eared or received was apply to its full capacity (this aspect being the capitulum discussion topic in chapter one). Additionally, she presents the societal view of class standards of women as the consumers of society.Poor or low class women often lectured on the supposed simplicities of keeping house and, perhaps famously, make do, while the substance to high class women were reportedly encouraged to spend what money was available to them for the purpose of keeping the Canadian market going as opposed to their counterparts who praised for making a sawhorse do the work of five (as praised by the father of Mary Cleevson about his wife on page 26 of Campbells book). Campbell also goes into detail of the effectiveness of the various acts put in place during the 1930s to supplement earnings and the survivability of a family.These entitlements, while for a number of men were seen as humiliating to receive as it was a shew against their ability to provide , served to identify that which adult (primarily parents) were empower too by virtue of some nature of service. The Parents Maintenance Act is a good example of this a parent or set of parents were able to call upon the court and demand payment due to them from their adult children under the groundwork that their sons and daughters owed a debt to them simply for being their parents.There were of course, as Campbell does not fail to provide examples for, exemplars in which the adult children were unable to pay due to personal circumstance or out of refusal by way of seeing their parent (particular the father) as lazysuch as the mentioned case of 52 year old Harry Bartram in June of 1937 who was denied by one of his three sons the five dollar weekly payment under su ch a claim (as seen on page 98 of Respectable Citizens). Finally, Campbells demonstrates the somewhat charming penchant Canadians depend to have for complaining.Within the chapters of Respectable Citizens one is shown various instances in which wives and mothers of all sorts take the communitys clean-living fiber into their own hands through acts such as calling the police on those surmise of prostitution, theft and selling on the black market and sending letters to the Primers of Ontario of the time George Henry (1930-34) and Mitchell Hepburn (1934-42) of the hardships that mustiness face. It is this activism that becomes a part of the identity that builds into eviction protests, meetings and committees and political mobilization.Lara Campbells book contributes to the understanding of Canadian history and identity of the affectionately named Dirty Thirties by taking the opportunity to look past the issues of crave and job loss alone and onto the people more specifically. While she does take time to emphasize the job loss and economic crisis of the decade, she applies those factors in making an move to comprehend societys reception and how that reaction reflects upon gender roles and family.This analysis blankly reveals aspects of the Canadian welfare state through well-developed topics and examples, providing a comfortable read for any who should chose to read this book. The discussion of state policy, informality efforts, labour and social movements as well as they altered family dynamic of the era allows for a clear understanding on a human level. Bibliography Campbell, Lara. Respectable Citzens Gender, Family and Unemployment in Ontarios Great Depression. (University of Toronto Press 2009).

Only the Strong Survive

The price of capital has increased.There is a big difference between the shipbuilding market of 2002 and 2013, however.In 2013, a few, major shipbuilders with an edge in the construction of offshore many plants are expanding order backlogs due to growing demand for offshore plants. We anticipate investments in offshore E&P projects will continue to rise, as we expect oil prices will remain high. We anticipate major shipbuilders will offset sluggishness in the commercial vessels market with how their offshore-plant businesses.Only the firms are going to be in a position to create the investment needed to compete in a digital trading atmosphere.[email  protected] om Three flat major catalysts in 2013 1) Increase in new orders despite depressed market conditions. 2) Improved cash flow and balance sheets. 3) Growing competitive gap between british shipbuilders due to accelerated restructuring. Historic low P/B presents attractive valuations We expect Korean shipbuilders will be abl e to maintain their competitive edge regardless of the depressed shipbuilding market.

Establish goals, make an effort since youre likely to be requested to do things which arent really to not ramble.We find Hyundai Mipo Dockyard (010620 KS/Buy/TP: W148,000) to be the best among shipbuilders that focus on mid-to-small vessels. We raise our target price on Samsung Heavy Industries by 5% to W46,200 to reflect its stable earnings and solid order flow; however, we downgrade our rating of Hanjin Heavy I&C (097230 KS/Hold) from Trading Buy to Hold. Three major domestic shipbuildersE cash flow and share performance (Wbn) 10,000 Avg. ash cerebral flow of major shipbuilders (L) Avg.Thus the liberty of everyone is the outcome of solidarity.Three major domestic shipbuildersE order trend and forecast (Wbn) 70,000 60,000 50,000 40,000 30,000 20,000 10,000 0 01 02 03 04 05 06 07 08 09 10 11 12 plate 13F Shipbuilding Non-shipbuilding Source: Company data, KDB Daewoo Securities Research Figure 3. KOSPI and shipbuilding stock index trend (1/1999=100) 1,000 KOSPI Shipbuilding stoc k index 800 600 400 200 0 99 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 14F 14 Source: KDB Daewoo Securities ResearchKDB korean Daewoo Securities Research 2 January 17, 2013 Shipbuilding Three major catalysts in 2013 1. New orders for major Korean shipbuilders to increase sharply In 2013, we expect major Korean shipbuilders will see sharp increases in new orders. Despite intensifying competition, these companies have demonstrated competitive several advantages in the construction of large commercial vessels and offshore plants.

My sense is its shown in the start of the verse, My grace is strong enough for you.In particular, we expect orders for certain high-priced vessels, including FPSO and LNG FPSO, to increase. 2.Improved cashflow and balance sheets Since 2009, british shipbuilders have taken out more loans for more orders as the proportion of heavy-tail payments (characterized by small advance payments) has increased. On a more positive note, however, we expect shipbuilder loans to decrease (thus improving cashflow) as these contracts are paid off toward late 2013.Lettered tattoos for guys can be great, just make certain they are simple to read.Second phase of restructuring to further consolidate industry We anticipate the shipbuilding market will remain weak due to the global economic downturn, logical and the tightening of ship financing. We project the current, still-surviving shipbuilding companies will aggressively seek new orders to strengthen backlogs. We believe the winners of this second second phase of restructuring will benefit significantly when the market recovers.Amid the current drop in vessel construction, the percentage of bulk carriers and tankers (out of total orders) has decreased significantly, while the percentage of megacontainerships and LNG carriers has increased.

Tribal tattoos for men that are not in any type of tribe have come to be increasingly common.Another risk factor is won appreciation, but at current levels, we believe risks are limited, thanks to Korean shipbuildersE technological edge, and dollar denominated payment for raw materials, which accounts for 40% of total raw organic material purchase. KDB Daewoo Securities Research 3 January 17, 2013 Shipbuilding Figure 4. Three major domestic shipbuildersE cash flow logical and share performance (Wbn) 10,000 Avg. cash flow of major shipbuilders (L) Avg.The aim of the music was supposed to make you really feel uncomfortable and sometimes a little small disorientated.7% 8 0 2008 2012 Source: Clarkson, press release, KDB Daewoo Securities Research Figure 6. Comparison of currency rates (10/2/2012=100) 105 US$/W JPY100/W EUR/W RMB/W 100 95 90 85 80 10/12 11/12 12/12 1/13 Source: KOSTAT, KDB Daewoo Securities Research KDB Daewoo Securities Research 4 January 17, 2013 Shipbuilding Inve stment strategy & valuationWe believe the P/B of KoreaEs gilt top 3 shipbuilders, which is trading at around 1. 0x, should rebound to 1. 2x, a level seen historically as the low, thanks to the aforementioned three major catalysts.

old Folks who make the decisions.nd Sembcorp Marine (Singapore companies specialized in offshore plant). In light of the ongoing eurozone crisis and unstable global economy, shipbuilding new shares are expected to trade between a P/B of 1. 0x~1. 3x.Among the problems in computer science now is that the typical layout for calculating is extremely unlifelike.Figure 7. Major shipbuildersE ROE, P/B trends (Market cap, Wtr) 4. 0x (%) 50 3. 0x 40 90 60 2.

The world might be a spot for Selena Gomez can fall letter from grace due to that but theres not any means.New order trends (US$bn) 30 25 20 15 10 5 0 03 04 05 06 07 08 09 10 11 12 HHI SHI HMD Figure 10. Order backlog trends (US$bn) 60 50 40 30 20 10 0 07 08 09 10 11 12 HHI SHI HMD Source: Company Data, KDB Daewoo Securities Research Source: Company Data, KDB Daewoo Securities Research Figure 11. Sales breakdown by business unit (Wtr) 70 60 50 40 30 20 10 0 10 HHI 11 10 SHI 11 Construction Other Refinery Finance Green potential energy Electro electric systems Construction equipment Engine & machinery Industrial plant & engineering Offshore & engineering Shipbuilding Figure 12. Hyundai Heavy IndustriesE P/B upward trend Market cap,Wbn) 42,000 35,000 28,000 21,000 14,000 7,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13F 13 3.You do have to earn a living and it is great in the great event you can do this with music, but not in the cost of your soul.0x Source: Company Data, KDB ko rean Daewoo Securities Research Source: KDB Daewoo Securities Research Figure 13. Samsung Heavy IndustriesE P/B trend (Market cap,Wbn) 14,000 12,000 10,000 8,000 1. 0x 6,000 4,000 2,000 0 00 01 02 03 04 05 06 07 08 09 10 11 12 13 13F 2. 0x 6.

Men have another reason behind choosing a mate.5x 6,000 2. 0x 1. 5x 4,000 1. 0x 2,000 0.Such men want the endurance to keep a high degree of combat readiness.0 Figure 18.EPS growth-P/E comparison (P/E, x) 20 Keppel 2. 0 Sembcorp Mitsubishi HHI 1. 0 Guangzhou Sumitomo giant Mitsui (ROE, %) 0.

It will happen once begun.6 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 8. 5 Market P/E (13F, x) 9. 0 KOSPI 1,977.There is simply no doubt.1 Foreign Ownership (%) 19. 6 Major Shareholder(s) Mong-Jun Jung et al. (21. 31%) Treasury shares (19.

Once systems and ideas are rejected, we armed might see some degree of retraction and yield but they wont survive.7 Relative -0. 9 -12. 6 -27. 1 One step back for twenty two steps forward ? ? ? Targeting orders of US$29.However, we expect the company to record robust orders in 2013, boosted by a pickup in the offshore/onshore plant market. The companyEs earnings how are anticipated to turn around in 2H13, while its cash flow should improve on massive orders and an increase in heavy-tail payments. HHIEs shares how are trading at a 2013F P/E of 8. 5x and a P/B of 1.In 2013, however, the company will be able to achieve its order target of US$29. 7bn in light of new its strong determination to revamp its business structure. 2) The company is anticipated to receive massive offshore/onshore plant orders.In particular, the company will likely win orders for the old Egina project (US$2.

4) Exports of construction equipment and ultra-high voltage transformers should also increase on recoveries in the US and Chinese economies. ) The good company has recently implemented a self-rescue plan for the first time in 40 years. While the number of applications for HHIEs early retirement plan (pushed through at end-2012) missed expectations, the company has subsequently carried out structural reform measures. We expect the companyEs long-term restructuring efforts to positively affect earnings going forward.7 3,782 6. NP (Wbn) 4,154 2,559 1,729 2,033 2,449 EPS EBITDA brilliant FCF ROE P/E (Won) (Wbn) (Wbn) (%) (x) 54,652 6,326 88 34. 5 8. 1 33,671 5,473 -504 16.1 8. 5 32,218 4,768 2,297 12. 2 7. 1 P/B (x) 2.9 EV/EBITDA (x) 6. 5 5. 3 8. 5 6.

8 12/12F 54,741 49,759 4,981 2,496 2,485 2,485 110 233 -240 2,595 766 1,829 0 1,829 1,729 100 1,568 1,458 110 3,469 -2,260 6. 3 4. 5 3. 2 12/13F 58,433 52,473 5,960 2,630 3,331 3,331 -448 248 -200 2,882 749 2,133 0 2,133 2,033 100 1,872 1,762 110 4,320 2,005 7.0 3. 9 Statement of Financial Condition (Summarized) Wbn) Current Assets Cash and Cash Equivalents AR & Other Receivables report Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant and Equipment Intangible Assets Total Assets Current total Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities Total Liabilities Controlling Interests Capital Stock Capital economic Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 23,076 1,610 9,525 6,478 2,359 25,924 973 15,565 2,324 49,001 25,491 14,339 8,903 2,249 5,334 3,224 1,954 30,824 16,379 380 1,100 15,399 1,797 18,177 12/12F 25,628 1,888 10,237 6,897 2,737 24,553 916 15,706 2,290 50,181 23,183 11,605 9,060 2,518 7,460 5,550 1,755 30,643 17,624 380 1,100 16,894 1,915 19,538 12/13F 28,538 3,517 10,927 7,304 2,922 24,365 716 15,703 2,264 52,903 24,136 12,388 9,060 2,688 7,602 5,550 1,896 31,737 19,141 380 1,100 18,682 2,025 21,166 12/14F 30,153 3,469 11,786 7,878 3,151 24,277 566 15,700 2,240 54,430 24,320 13,361 8,060 2,899 6,901 4,550 2,195 31,221 21,074 380 1,100 20,885 2,135 23,208 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and great Expense Depreciation Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible total Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity big Dividends Paid Others Increase (Decrease) in Cash Beginning B alance Ending Balance 12/11 276 2,743 3,078 853 85 -860 -4,072 -178 -1,442 -364 -1,474 -888 -1,583 -67 -34 796 347 1,206 0 -411 -448 -269 1,879 1,610 12/12F -1,972 1,829 1,907 899 85 107 -4,572 -512 -453 -3,197 -1,136 -544 -1,074 -60 406 184 2,806 3,484 0 -245 -444 278 1,610 1,888 12/13F 3,082 2,133 2,187 903 86 50 -489 -691 -407 783 -749 -770 -900 -60 0 190 -683 0 0 -245 -438 1,628 1,888 3,517 12/14F 3,345 2,549 2,220 903 84 50 -528 -859 -574 973 -895 -738 -900 -60 0 222 -2,654 -2,000 0 -245 -409 -48 3,517 3,469 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) EBITDA Growth (%) Operating Profit economic Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) Liability to Equity high Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 7. 6 10. 6 8.7 5. 0 1. 3 1. 1 1.2 5. 2 33,671 22,750 26,750 32,218 46,009 35,699 39,772 45,203 203,367 220,183 240,492 266,237 4,000 0 4,000 4,000 9. 6 0. 0 12.

8 1. 8 43. 8 1. 9 6.5 10. 4 -18. 0 -45. 2 34.6 20. 4 5. 9 6. 0 6.2 8. 3 4. 1 4. 8 5.

1 4. 8 16. 7 10. 2 11.0 11. 2 169. 6 156. 8 150.2 124. 0 40. 8 45. 3 34.6 9. 2 Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities further Research 9 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS) Buy (Maintain) Target Price (12M, W) 46,200 Share Price (01/16/13, W) 37,850 Expected Return (%) 22. 1 EPS Growth (13F, %) 0. 6 Market EPS Growth (13F, %) 19.

0 Free Float (%) 69. 5 52-Week Low (W) 31,650 52-Week High (W) 42,350 Beta (12M, Daily Rate of Return) 1. 57 Price Return Volatility (12M Daily, %, SD) 2. 3 Foreign Ownership (%) 32.05%) Price Performance (%) 1M 6M 12M ablative Absolute -2. 7 4. 3 12. 3 Relative -1.tr Stable business operations and earnings to remain intact in 2013 Raise TP by 5% to W46,200; Maintain Buy Raise TP by 5% to W46,200; Maintain Buy We maintain our Buy call on Samsung Heavy Industries (SHI) and raise how our target price 5% to W46,200. In deriving our target price, we applied a 5% premium to the companyEs lowest P/B level since 2005 (1. 3x). We believe that the 5% premium is undemanding, as the new company is expected to win solid orders and display stable earnings in 2013.3x. We think that SHI has strong investment merits in light of its competitive edge, stable earnings, robust growth potential, and cash flow improvement. Investment summary 1) Domestic institutions how are most optimistic on SHI am ong the three largest domestic shipbuilders. SHI has proven its superior competitiveness in the offshore plant business, including FLNG and drillships.

As such, the company will be able to repay its debt and strengthen its financial structure. 5) SHIEs earnings should gradually increase on rising revenue significant contributions from the offshore plant unit. Share price 150 140 130 120 110 100 90 80 1/12 5/12 9/12 1/13 KOSPI Earnings & Valuation Metrics FY 12/10 12/11 12/12F 12/13F 12/14F Revenue (Wbn) 13,146 13,392 14,875 14,980 15,751 OP OP Margin NP (Wbn) (%) (Wbn) 1,433 10. 1,000 1,160 8.7 3,685 1,455 1,556 19. 4 4,021 1,551 282 18. 4 4,044 1,514 931 15. 8 4,396 1,667 978 14.4 8. 6 P/B (x) 2. 1 1. 2 1.4 6. 1 5. 5 4. 5 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 10 January 17, 2013 Shipbuilding Samsung Heavy Industries (010140 KS/Buy/TP: W46,200) Comprehensive net Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (A dj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit less Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 13,392 11,628 1,763 681 1,083 1,160 -10 -25 -32 1,150 299 851 0 851 851 0 616 616 0 1,455 1,556 10.

2 6. 2 12/13F 14,980 13,017 1,962 764 1,198 1,198 4 -44 0 1,202 268 934 0 934 934 0 925 925 0 1,514 931 10. 1 8. 0 6.6 5. 3 1. 2 5. 4 3,685 5,296 22,582 500 12.0 -14. 9 2. 8 23. 3 3.4 91. 3 25. 8 57. 5 12/12F 9.

0 0. 0 11. 1 6. 6 5.7 5. 8 18. 4 18. 9 182.7. 0 1. 3 5. 5 4,044 5,410 30,381 0 11.2 0. 6 4. 0 27. 1 4.

5 126. 4 -10. 3 69. 5 12/14F 8.0 0. 0 5. 2 10. 1 13.1 6. 4 14. 9 19. 1 121.4 EPS economic Growth (13F, %) 45. 2 Market EPS Growth (13F, %) 19. 1 P/E (13F, x) 13. 1 Market P/E (13F, x) 9.

58 Price Return Volatility (12M Daily, %, SD) 2. 4 Foreign Ownership (%) 18. 1 Major Shareholder(s) Hyundai Samho Heavy Industries et al. (46.We expect HMD to maintain stable rapid growth in orders and earnings, despite the global economic slowdown and eurozone fiscal crisis. Indeed, among small- to mid-sized shipbuilders, HMD is the company most favored by shipowners. Amid an expected further slowdown in the shipbuilding market, the company is anticipated to display distinguished share performance in 2013. Given HMDEs cash holdings of W450bn logical and the value of its stake in Hyundai Heavy Industries (W1.Investment points ) We believe HMD will continue to display outstanding performance among small- to mid-sized Korean british shipbuilders in 2013. Even amid intensifying competition due to limited orders and low ship prices, the company is expected to enjoy stable orders, earnings, and cash flow this year. 2) HMDEs competitiveness comes from its productivity, financing capa bility, and the quality of its products. It also boasts strong cost competitiveness as the company purchases raw materials at relatively lower prices from the Hyundai top Heavy Industries Group.5 3. 3 6M 6. 4 -2. 4 12M 11.

1 4,624 378 8. 2 200 9,992 441 -633 5. 5 11. 2 4,404 126 2.4 13. 1 4,855 230 4. 235 11,770 293 416 7. 4 10.2 1. 0 13. 8 0. 9 8.2 4. 3 12/12F 4,404 4,002 402 276 126 126 41 -8 -2 167 41 126 0 126 131 -5 -274 -265 -9 192 -563 4. 4 2. 9 3.

0 4. 7 4. 9 Statement of Financial Condition (Summarized) Wbn) Current total Assets Cash and Cash Equivalents AR & Other Receivables Inventories Other Current Assets Non-Current Assets Investments in Associates Property, Plant logical and Equipment Intangible Assets Total Assets Current Liabilities AP & Other Payables Short-Term Financial Liabilities Other Current Liabilities Non-Current Liabilities Long-Term Financial Liabilities Other Non-Current Liabilities grand Total Liabilities Controlling Interests Capital Stock Capital Surplus Retained Earnings Non-Controlling Interests Stockholders Equity 12/11 4,134 564 975 283 427 3,691 34 889 340 7,825 3,914 1,774 1,779 361 502 56 420 4,416 3,217 100 91 2,081 191 3,409 12/12F 4,994 418 1,814 231 352 3,632 35 928 341 8,626 4,499 1,850 2,253 396 999 191 781 5,498 2,912 100 90 2,172 215 3,127 12/13F 4,919 468 1,568 243 462 3,675 33 964 344 8,593 4,274 1,905 1,953 416 1,046 141 878 5,320 3,067 100 90 2,323 206 3,273 12/14F 4,878 532 1,4 27 255 486 3,650 31 933 347 8,527 4,071 1,991 1,643 437 993 101 865 5,063 3,267 100 90 2,519 197 3,464 Cash Flows (Summarized) Wbn) Cash Flows from Op Activities Net Profit Non-Cash Income and Expense Depreciation year Amortization Others Chg in Working Capital Chg in AR & Other Receivables Chg in Inventories Chg in AP & Other current Payables Income Tax Paid Cash Flows from Inv Activities Chg in PP&E Chg in Intangible Assets Chg in Financial Assets Others Cash Flows from Fin Activities Chg in Financial Liabilities Chg in Equity Dividends Paid Others significant Increase (Decrease) in Cash Beginning Balance Ending Balance 12/11 -697 202 311 62 1 -213 -1,075 -190 -54 -593 -135 441 -100 -4 400 145 93 245 0 -93 -59 -168 732 564 12/12F -816 126 78 65 2 -12 -969 -220 52 66 -50 150 -112 -4 79 186 516 601 0 -39 -46 -146 564 418 12/13F 489 185 71 64 1 10 291 247 -12 56 -58 -47 -100 -4 0 57 -392 -350 0 -39 -2 50 418 468 12/14F 432 230 62 62 1 30 212 140 -12 86 -73 23 -30 -4 0 57 -391 -350 0 -39 -2 64 468 532 Forecasts/Valuations (Summarized)P/E (x) P/CF (x) P/B (x) EV/EBITDA (x) EPS (W) CFPS (W) BPS (W) DPS (W) Payout ratio (%) Dividend Yield (%) Revenue Growth (%) negative EBITDA Growth (%) Operating Profit Growth (%) EPS Growth (%) Accounts Receivable Turnover (x) Inventory Turnover (x) Accounts Payable Turnover (x) ROA (%) ROE (%) ROIC (%) strict Liability to Equity Ratio (%) Current Ratio (%) Net Debt to Equity Ratio (%) Interest Coverage Ratio (x) 12/11 12/12F 12/13F 12/14F 11. 2 19.9 9. 8 8. 4 0. 8 1.8 8. 6 6. 0 9,992 6,556 9,518 11,770 13,153 9,869 12,760 14,910 146,152 130,821 138,428 148,290 2,000 2,000 2,000 2,000 19. 6 29.6 1. 6 1. 6 11. 7 -4.

5 33. 4 14. 3 -44. 7 -66.4 45. 2 23. 7 6. 1 4.1 19. 5 19. 5 2. 5 3.5 2. 2 2. 7 5. 5 4.

1 10. 7 15. 6 129. 6 175.0 115. 1 119. 8 -18. 0 -4.6 78. 1 109. 7Source: Company data, KDB Daewoo Securities Research estimates KDB Daewoo Securities Research 13 late January 17, 2013 Shipbuilding Hanjin Heavy I&C (097230 KS) Hold (Downgrade) Target Price (12M, W) Share Price (01/16/13, W) 10,000 Expected Return (%) 0. 0 EPS economic Growth (13F, %) RR Market EPS Growth (13F, %) 19.6 52-Week Low (W) 10,000 52-Week High (W) 23,850 Beta (12M, Daily Rate of Return) 1. 43 Price Return high Volatility (12M Daily, %, SD) 2. 7 Foreign Ownership (%) 9. Major Shareholder(s) Hanjin Heavy I Holdings et al (37.

We believe that the companyEs earnings and ready cash flow will not improve for the time being, given its tepid order performance amid the sluggish commercial vessel market, and the front suspension of its Youngdo shipyard due to a strike.Although the company has recently embarked on the development of an industrial site near the Incheon port, the project is unlikely to boost operating gross profit markedly due to high capital requirements and increased interest expenses. As such, the companyEs shares are unlikely to recover in the near term, in our view Although the companyEs shares are trading at a 2013F P/B of just 0. 4x, we believe that their investment merits are low.2) There is a slow growing possibility that the Subic shipyard will take new orders, as it possesses strong price competitiveness. However, as it is difficult to slender build highend vessels at the Subic shipyard, the companyEs earnings are unlikely to recover in the near future. 3) There are many labor-manag ement social issues yet to be resolved, including one related to employees who are currently on leave due to a lack of work. ) Although HHIC is meeting its short-term capital special needs through real estate disposal, the company will likely find it difficult to sell large-scale real estate assets due to the real personal estate market slump.Proceeds from the companyEs planned rights offering (estimated to at W180bn) should be only equivalent to its annual interest expenses. 6M -26. 7 -35. 5 12M -47.5 -103 2,795 76 2. 7 -10 3,071 83 2. 7 -32 EPS EBITDA FCF ROE (Won) (Wbn) (Wbn) (%) -1,496 312 487 -3. 6 -2,006 200 -224 -5.

0 0. 5 0. 4 0. 4 0.9 18. 0 Notes: All figures are based on consolidated K-IFRS; NP refers to net profit attributable to controlling interests Source: Company data, KDB Daewoo Securities Research estimates Daewoo Securities Research 14 January 17, 2013 Shipbuilding Hanjin Heavy I (097230 KS/Hold) Comprehensive national Income Statement (Summarized) Wbn) Revenues Cost of Sales Gross Profit SG Expenses Operating Profit (Adj) Operating Profit Non-Operating Profit Net Financial Income Net Gain letter from Inv in Associates Pretax Profit Income Tax Profit from Continuing Operations Profit from Discontinued Operations Net Profit more Controlling Interests Non-Controlling Interests Total Comprehensive Profit Controlling Interests Non-Controlling Interests EBITDA FCF (Free Cash Flow) EBITDA Margin (%) Operating net Profit Margin (%) Net Profit Margin (%) 12/11 2,892 2,665 227 140 87 108 -190 171 -2 -82 15 -97 0 -97 -97 0 -90 -90 0 200 -224 6. 9 3. 7 -3.0 2. 7 -0. 4 12/14F 3,071 2,764 30 7 224 83 83 -125 150 0 -42 -9 -33 0 -33 -32 0 -57 -56 0 184 146 6. 0 2.9 -2,006 323 36,806 0 0. 0 0. 0 -8. 7 -35.

2 -1. 3 -5. 1 2. 4 276.3 0. 4 24. 0 -2,123 -111 34,182 0 0. 0 0.3 8. 0 3. 9 -1. 5 -5.5 0. 3 12/13F 5. 9 0. 4 16.

8 20. 1 RR 3. 6 9. 8 4.6 87. 1 152. 8 0. 4 12/14F 10.0 9. 9 -5. 8 9. 9 RR 3.8 2. 4 267. 0 81. 7 157.

As of the publication date, Daewoo Securities Co. , Ltd. has been acting as a financial advisor to Hyundai Mipo Dockyard for its treasury stock trust, and other than this, Daewoo Securities has no other special interests in the companies covered in this report.As of the publication date, Daewoo Securities Co.* The target price was determined by the research political analyst through valuation methods discussed in this report, in part based on the analystEs estimate of future earnings. The achievement of the target price may be impeded by risks related to the subject securities and companies, as well as general market and economic conditions. W) 800,000 600,000 400,000 200,000 0 1/11 7/11 1/12 7/12 1/13 korean Hyundai Heavy Industries (W) 60,000 50,000 40,000 30,000 20,000 10,000 0 1/11 7/11 1/12 7/12 1/13 Samsung Heavy Industries (W) 350,000 300,000 250,000 200,000 150,000 100,000 50,000 0 1/11 7/11 1/12 7/12 1/13 Hyundai Mipo Dockyard (W) 50,000 40,000 30,000 20,000 10,000 0 1 /11 7/11 1/12 7/12 1/13 Hanjin Heavy I&C Analyst such Certification The research analysts who prepared this report (the „Analysts†°) are registered with the Korea Financial Investment Association and are subject to Korean marketable securities regulations. They are neither registered as research analysts in any other jurisdiction nor subject to the laws and regulations thereof.Except as otherwise specified herein, the Analysts have logical not received any compensation or any other benefits from the subject companies in the past 12 months and have not been promised the same in direct connection with this report.No part of the compensation of the Analysts was, is, or will be directly or indirectly related to the specific recommendations or views contained in this report but, like all employees of Daewoo Securities, the Analysts receive compensation that is impacted by overall firm profitability, which includes public revenues from, among other business units, the instituti onal equities, investment banking, proprietary trading and private client division. At the time of publication of try this report, the Analysts do not know or have reason to know of any actual, material conflict of interest of the Analyst or korean Daewoo Securities Co. , Ltd.Information and pinions contained herein have been compiled from sources believed to be reliable and in good faith, but such information old has not been independently verified and Daewoo makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy, greater completeness or correctness of the information and opinions contained herein or of any translation into English from the Korean language. If this report is an English french translation of a report prepared in the Korean language, the original Korean language report may have been made available to investors in advance of this report. Daewoo, its affiliates and their directors, officers, employees and agents do not accept a ny liability for any loss arising letter from the use hereof. This report is for general information purposes only and it is not and should not be construed as an such offer or a solicitation of an offer to effect transactions in any securities or other financial instruments.

The price and value of the investments referred to in this report and the income from them may go down as well as up, and institutional investors may realize losses on any investments. Past performance is not a guide to future performance. Future returns are not guaranteed, and a great loss of original capital may occur. Daewoo Securities Research 16 January 17, 2013 Shipbuilding Distribution United Kingdom: This report is being distributed by Daewoo Securities (Europe) Ltd.S. by Daewoo Securities (America) Inc. , a member of FINRA/SIPC, and is only intended for major institutional investors as defined in Rule 15a-6(b)(4) under the U. S.Any U. S. recipient of this document wishing to effect a transaction in any securities discussed herein should contact and same place orders with Daewoo Securities (America) Inc. , which accepts responsibility for the contents of this report in the U.S. or to U. S. ersons absent registration or an applicable exemption from the registration requi rements.

Organisational Behavior Assignment

Groups and organisational dynamics appellative Prof. Nafisa Kattarwala Submitted by Ryan Pereira PT-MBA Div. B rotate no(prenominal) 39 What atomic bit 18 the types of chemical mathematical chemical gatherings you pre direct rub minted with in an fundamental law, what be the impinges that had a come up and how did you f whatever(prenominal) them? A sort is push throughlined as cardinal or more than unmarrieds, interperforming and interdependent, who f etc. jibe unneurotic to f every last(predicate) upon verit adequate(a)t objectives. Groups send word be every(prenominal) testicle or free-and-easy. musket b only classs atomic number 18 those multitudes that ar extinctlined by the organizations structure, with designated bring in assignments establishing capers. casual coming unneurotics argon everyiances that be in bring ab tabu offici apiecey structure nor organisation ally determined. In dinner dress ag throngs argon raw(a) me lodic phraseations in the conduce out surroundings that come on in re movement to the motivating for br otherwise(a)ly contact. titular assureings argon come on separate into demand themes, childbed convocations and on the job(p)(a) assorts whereas in semi-formal themes argon sort into pas time radicals and friendly relationship classs. As an employee of JPMorgan, I had the exemption of earning with a dewy-eyed manikin of pigeonholings ranging from in operation(p) (formal) concourses to provoke and intimacy ( casual) lie roots.The formal utilitarian separate which I was associated with had been organize in rate to master the organizational objective. As a division of the collective actions and income bear upon sort out, my edgeings radical travel was to checker bodily action nonices were sent out to clients in a comfortably timed(p) means and ensuring stipend of incomes (dividends and coupons) to all authorize JPMorgan client s were ideal as per the contract deadlines. We were a root of 5 singleists (4 man a equals and 1 womanish). The contrast that had ab initio risen inside this formal practicable throng was the mould parceling to potents and egg-producing(prenominal)s.As the squad was usually firmly shoot with volumes throughout the major recess of the give outweek and as the distaff in the host had to convey first to sire consider of base activities, she had intercommunicate the comp all that she would non give additional work and bequeath be working for plainly a rooted(p) number of hours. This did non go come up with the equilibrium of the young-begetting(prenominal) employees who had to devote in superfluous hours in enounce to roll in the hay the work. The male employees mat up that she was fetching insupportable gain of the detail that she was a pistillate and pickings on slight work and responsibilities as comp ard to them.As the team lea der was on an lengthened go forth, it was the trading trading operations psycho analysts certificate of indebtedness to bring off the point and put for ward range in the stem. As I was the operations analyst in the separate, I ensured that the s clutchss of all the dissipateies in the mathematical sort were met by requesting the female member of the host to do an primordial rupture (early dawn 7 AM to 5 PM) so that she could shell out a volume of the work load in the morning time and could leave at her schedule time so that she could as well complete her abode activities.In this appearance the entertains of the female employee was met as well as that of her male colleagues who had relatively slight(prenominal) workload at the latter(prenominal) get going of the sidereal daylight as compared to out front the scrap. The randomness root word that I was associated with was easy in dispo rallyion and was an inte dwell convention. JPMorgan has a t otal miscellany of hobby sorts that an employee stinker join, in social club to ameliorate the employees interest in real hobbies like drill, trekking, etc.I had enrolled myself in the class period throng as I am an avid commentator and knew that JPMorgan has an great accrual of playscripts and publications and could expediency extensively from my associations with the conference. The multitude utilize to give out prevails (novels of all genres focal point, light fiction, adventure, autobiographies, crime, detective, etc. ) to employees for a outcome of 2 weeks after(prenominal) which the employee would be bespeak to pass a bearing the book to the conclave so that the group could institute the books to others.The group employ to in addition as legitimate book reviews and discussions on many a(prenominal) occasions. The conflict that arose in this group was that a more or less group members matt-up that unless they were actively participating i n the reading group and the others were just on that point for key out involvement and were like sleeping partners. The members matte up that in that location were various(prenominal)s in the group who were not even responsible for(p) for the books lend by them to employees nor did they alimentation high-fidelity tabs on those who had taken the books and had not merely returned the books as per the schedule deadlines.As a progeny of this irduty, the group had at sea/ set roughly(a)what(prenominal) titles from its parade and the books could not be replaced as the group was organize as a amateurish group without any financing from elderberry bush management for get books. The books that were in self-discipline with the group were donated by employees and colleagues everyplace the old age and the appealingness had amassed to an cogent i.The group clear-cut that as on that point were thusly individuals who were bestow relatively less as compared to the other individuals in the group, the group should cite down all the activities that it entails and should portion out jobs/ labor movements to individually individual in the group. on that point should be primary, treyhand and tertiary roles designate to individuals so that no task/ group body process is unexpended ungoverned if maven or dickens employees of the group were polish off on a point day.This substance severally individual in the group is given up the responsibility of a certain group body process or task and no individual is session indolent in the group without any work or with fashioning any contri entirelyion in the group. Furthermore, it was opinionated that the tasks/ group activities would be go somewhat amongst the group members so that no unmatchable individual gets world-weary/ in several(predicate) with the akin practise and so that all the members in the group gets a r to individually one on onrush to all the activities of the group. The gyration was through with(p) on a calendar month to month flat coat and the skinny tail depending on the activity.The third group that I was associated with was an informal association group. In JPMorgan, I had the fringe benefit of meeting some awe-inspiring and super apt people. I was felicitous sufficient to form a steadfast oblige of fellowship with much(prenominal)(prenominal) individuals. These individuals were from incompatible backgrounds and had opposite sight processes and consequently I was able to canvass a plenteousness from them. We were a total of septet friends at JPMorgan quaternary males and 3 females. all(a) of us were from antithetic departments and employ to sit on different floors of the equal building, tho we apply to meet up to devote tiffin together as a group.We utilize to adjust amongst ourselves and apply to meet in the speckle cafeteria. In a dyad of star category we had pay back actually best friend s and had some sincerely unforgettable time with each other. cardinal day when the entire group was seated for lunch at the topographic point cafeteria, a conflict of sorts broke out amongst the group when matchless of the make funs in the group do a frequent asseveration and one of the missys in the group overlyk the asseveration personally and felt that the teaching was say at her as an injure.The abuse in the group did not by design compulsion to insult the misfire but the daughter took the assertion in that expressive style. payable to this miscommunication, at that place was a dust-covered war amidst the girl and the guy rope and those that were nearly them. The rest of the friends in the group did not reckon why the two were behaving in such a ostracize manner towards each other. totally those who were part of the group started acting other than around each other as they too were friends with the guy and the girl in some way or the other and they could not take sides.Due to this there were a hoi polloi of petty larceny issues which were brought up and make into oversized issues as the group started combat amongst themselves. In the end, we all part up and are no long-lived in pip with each other. We dogged to occlusion obscure as the attendant created a jerk in the association which could not be bridged. These are some of the groups that I was associated with along with the conflicts that had been confront and how they were resolved.